Separation of Japanese Manufacturing Function as Independent Company

Nov. 7, 2013
FUJITSU TEN LIMITED

FUJITSU TEN LIMITED (Head office: Kobe City, Hyogo, Japan; President & Representative Director: Takashi Shigematsu; Capital: \5.3 billion) will separate its Japanese manufacturing function (Nakatsugawa Plant and TOCHIGI FUJITSU TEN LIMITED) and will establish an independent company, "FUJITSU TEN MANUFACTURING LIMITED," on January 1, 2014.

The automobile markets around the world are expected to grow, mainly in North America, ASEAN countries and the emerging countries, while the Japanese automobile market is not likely to expand. Moreover, as seen in further commoditization of products, increasing demand for low-priced products and other trends, the circumstances surrounding the products of FUJITSU TEN are dramatically changing. In these circumstances, recognizing the necessity to enhance its manufacturing system from the viewpoint of optimization of manufacturing (monozukuri) in order to have a robust production base in Japan, the company decided to spin off its manufacturing function in Japan into the separate company.

By establishing the new company, FUJITSU TEN intends to achieve the three main aims: [1] facilitation of stronger company structure and more efficient management through the establishment of the financially independent company specialized in manufacturing; [2] faster decision-making as well as more independent and flexible management; and [3] achievement of competitiveness in the international market by promoting these measures vigorously.

Equipped with the cutting-edge production technology and skills and manufacturing ability, the new company, as the mother factory, will play a role in leading the overseas factories of the FUJITSU TEN group. In addition, the company will make an effort to develop human resources who can actively work globally with capability of management.

TOCHIGI FUJITSU TEN LIMITED will be the surviving company and the new company is scheduled to be headquartered at 2110, Naegi, Nakatsugawa, Gifu, Japan (where Nakatsugawa Plant is now located). Nakatsugawa Plant and TOCHIGI FUJITSU TEN are currently manufacturing car electronic devices^（*1） and infotainment devices^（*2）, respectively. Even after the new company is established, there will be no major change in the production items.

About FUJITSU TEN

FUJITSU TEN LIMITED, established in 1972 with investment from FUJITSU LIMITED and with additional investment from Toyota Motor Corporation and DENSO Corporation in 1973, is a leading manufacturer of automotive electronic equipment. It is a globally-recognized manufacturer of car navigation and audio systems, ECU for engine and airbag control, and mobile communication equipment, and is involved in the development of systems that use sensor technologies such as cameras and millimeter wave radar to detect obstacles near automobiles. FUJITSU TEN is expanding its business globally by fulfilling orders for genuine products for TOYOTA and other automobile manufactures both domestically and overseas. Consolidated sales totaled 246.4 billion yen for the fiscal year ending March 31, 2013.

For more information about the Group and its businesses, please visit our website at
FUJITSU TEN official site   http://www.fujitsu-ten.com/
FUJITSU TEN channel   https://www.youtube.com/FUJITSUTENLIMITED
FUJITSU TEN facebook   http://www.facebook.com/FUJITSUTENLIMITED

The contents of a press release are as of the publication. Later, they are apt to be changed without notice. Thank you for understanding in advance.